About Krista McDonald

Support group

Regardless of where you turn to help you with your gambling debt, whether you opt to manage it yourself or go to a professional organization for assistance, it’s important to get help for the root cause of the problem–the gambling itself. They then arrange for you to pay them one monthly payment and distribute it to your debtors accordingly.

If you are experiencing a number of financial warning signs, or if you no longer have money left over each month to pay the bills, your debt may truly be out of hand. With this method, you take out one loan, which is used to pay off your debts. Stop by Bromwich & Smith, Inc.’s site where you can explore their educational resources.

Credit counseling organizations, such as Credit Counseling Canada, work with people who are in debt to help educate them in paying down their debts and managing their finances.

Debt consolidation is a way to combine your debt into one monthly payment as opposed to multiple payments each month. While you don’t lose everything in a bankruptcy, you could potentially lose your home (or at least a significant portion of the equity), your vehicles, and other possessions, depending on the Province in which you reside. This is different from a debt consolidation loan because the debt consolidation company does not loan you money.  It’s important to weigh the pros and cons of debt consolidation before opting for it.

A debt consolidation company can also work on your behalf to negotiate lower rates with creditors or to freeze interest rates. In this case, a number of resources exist to help you handle your gambling debt:

Learn how Bankruptcy Trustee can help you today with filing bankruptcy in Calgary. Once you overcome your compulsive gambling, you will be better prepared to take control of your finances. From there, you make one payment each month. Most Medicine Hat bankruptcy lawyers will provide free consultations and let you know whether or not bankruptcy is a good option for you or not.

Credit Counseling

Professional Help for Gambling Debt

It’s also important to note that some gamblers incur gambling debts from disreputable lenders or loan sharks. Often, under-the-table lending is not covered under bankruptcy laws and is frequently coupled with very high interest rates. Not only do these groups help support their members through gambling recovery, but they also provide counseling and tips for getting debt under control.

Debt consolidation

This should be the very last resort. Bankruptcy

There are many gambling support groups, including Gamblers Anonymous and Recoveries Anonymous. When you file bankruptcy, you agree to give up the majority of your assets to a trustee assigned to your case, who is turn sells them to settle your gambling debts.

. Steer clear of any organization that requires large fees or asks you to make your debt payments to them. If you are threatened by a loan shark or other lender or otherwise feel harassed, it’s important to call the police. If you opt for credit counseling, make sure you go with an organization that is accredited and non-for-profit. In addition, support groups can also guide you to reputable outside sources, including debt consolidation or debt counseling companies, which can also help you with your financial planning

It can be applied to even money bets only. Now, if your luck drives you to win the third game, you are bound to place $60 as your bet for the 4th round.

The Martingale System – It is one of the oldest betting systems employed by the players. Those are described below:

The D’Alembert System – This system holds the features of both negative progression system and insurance betting system. Veterans find the 1-3-2-6 system and the Paroli system quite similar. That means you are investing 1 unit for the first round of game and increasing the units followed by the wins. A few gambling betting systems exist, which can be followed in most of the games. If you wish to follow the Martingale, you need to double your bets after every loss. Some of them are very useful in various popular casino games, such as Blackjack, Baccarat, Roulette, Let-it-Ride and Poker. To win from a casino game, players always go for several betting systems. Players find this system suitable for playing Roulette. If you put $10 as your initial bet and win the game, you have to bet $30 for the next round. To be more specific, it is a wise combination of the Martingale and Insurance systems. .

Positive progression betting systems – If you wish to follow this kind of system to make the most of your money, you need to increase your bets after every win. Now, if you lose, you have to bet 2 units for the 2nd round. This particular gambling betting system usually attracts large capital so that a single win can recover all your previous losses. If you win, you have to call the same bet as was previously called. If you wish to follow this system, you have to increase your bets after every loss and decrease the amount of bets after every win. Martingale system holds the characteristics of negative progression. These systems were invented to save the players from wasting their money in gambling. Not all the rules or the systems are applicable in every game. The 1-3-2-6 system helps you win at least 4 times at a stretch. These basic gambling strategies are divided in three categories.

Several gambling strategies and betting systems have evolved on the basis of the systems mentioned above. Any game played under this category involves less capital. Suppose you have started the game with 1 unit.

Insurance betting systems – It is a unique kind of betting system where you have to lower your bets after every win instead of increasing them. This system also needs high capital. Those are as follows:

Negative progression betting systems – It is a different kind of betting system to follow which, you have to raise your bets after every loss. If you win again, your proposed bet for the 3rd game will be $20. The main objective of this system is to make up for all losses with a single win.

The 1-3-2-6 System – This system is a kind of positive progression system. Let’s understand the system

Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing


- William Hill Online

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. The

majority of Western European countries have some laws in place to

channel online gambling and betting. The first

regulated online gambling website in Kenya was launched in 2013. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

Regional variations in legislation and acceptance of online gambling and


- Betfair Group

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

. In

South Africa, online gambling awaits legalization in 2014.

About Research and Markets

Online gambling and betting is spreading in the Asia-Pacific region. This ensures that the

content of the original studies is correctly interpreted.

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

- Bwin.Party

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

Online gambling is only starting to emerge in Africa. Trends in online gambling and betting.

Research and Markets is the world’s leading source for international

market research reports and market data. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

Product Information:

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

- PokerStars

The spread of online betting and gambling is forcing governments to act

to regulate. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their


- Ladbrokes

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

Companies Mentioned

The regulatory landscape on online gambling and betting is varied. As a result companies get a precise and unbiased impression of the

market situation.

- 888 Holdings

- Paddy Power

The major trends in online gambling and betting globally are mobile and

social gambling. For example, a quarter of poker

players chose to bet on unregulated networks.

- The author’s international employees research and filter all sources

and translate relevant information into English